GERBAUXB MED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GERBAUXB MED
Largest movements
- Cash -€157,762
down €157,762 (-75.4%), from €209,319 to €51,557
mainly Contributions, distributions and other (-€213,647) and Current investments (-€120,000)
- Current investments +€120,000
new in 2025: €120,000
- Receivables within one year +€16,294
new in 2025: €16,294
- Tax, wage and social debts -€19,899
down €19,899 (-38.5%), from €51,712 to €31,813
- Debts after one year -€4,660
no longer reported in 2025 (was €4,660)
- Trade debts +€4,603
up €4,603 (+108%), from €4,247 to €8,850
- Gross operating margin -€36,597
down €36,597 (-9.5%), from €383,659 to €347,062
- Depreciation -€24,763
down €24,763 (-46.5%), from €53,309 to €28,546
- Staff costs -€15,441
down €15,441 (-34.0%), from €45,481 to €30,040
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,300 | €260,954 | -€23,346 | -8.2% |
| Fixed assets | 21/28 | €72,881 | €70,082 | -€2,799 | -3.8% |
| Intangible fixed assets | 21 | €2,809 | €1,773 | -€1,035 | -36.9% |
| Tangible fixed assets | 22/27 | €70,073 | €68,309 | -€1,764 | -2.5% |
| Furniture and vehicles | 24 | €32,464 | €37,565 | +€5,101 | +15.7% |
| Other tangible fixed assets | 26 | €26,001 | €30,743 | +€4,742 | +18.2% |
| Assets under construction and advance payments | 27 | €11,607 | - | -€11,607 | |
| Current assets | 29/58 | €211,419 | €190,872 | -€20,547 | -9.7% |
| Amounts receivable within one year | 40/41 | - | €16,294 | +€16,294 | |
| Other amounts receivable | 41 | - | €16,294 | +€16,294 | |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €209,319 | €51,557 | -€157,762 | -75.4% |
| Deferred charges and accrued income | 490/1 | €2,100 | €3,021 | +€921 | +43.9% |
| Total equity and liabilities | 10/49 | €284,300 | €260,954 | -€23,346 | -8.2% |
| Equity | 10/15 | €22,193 | €22,193 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,668 | €2,668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,668 | €2,668 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,668 | €2,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €925 | €925 | = | 0.0% |
| Amounts payable | 17/49 | €262,107 | €238,761 | -€23,346 | -8.9% |
| Amounts payable after more than one year | 17 | €4,660 | - | -€4,660 | |
| Financial debts | 170/4 | €4,660 | - | -€4,660 | |
| Amounts payable within one year | 42/48 | €253,847 | €236,817 | -€17,030 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €1,399 | - | -€1,399 | |
| Trade debts | 44 | €4,247 | €8,850 | +€4,603 | +108% |
| Suppliers | 440/4 | €4,247 | €8,850 | +€4,603 | +108% |
| Taxes, remuneration and social security | 45 | €51,712 | €31,813 | -€19,899 | -38.5% |
| Taxes | 450/3 | €51,712 | €31,813 | -€19,899 | -38.5% |
| Other amounts payable | 47/48 | €196,489 | €196,153 | -€335 | -0.2% |
| Accrued charges and deferred income | 492/3 | €3,600 | €1,944 | -€1,656 | -46.0% |
| Remuneration, social security and pensions | 62 | €45,481 | €30,040 | -€15,441 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,309 | €28,546 | -€24,763 | -46.5% |
| Other operating charges | 640/8 | €1,160 | €400 | -€760 | -65.5% |
| Gross operating margin | 9900 | €383,659 | €347,062 | -€36,597 | -9.5% |
| Operating profit (loss) | 9901 | €283,709 | €288,076 | +€4,367 | +1.5% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €666 | €772 | +€106 | +16.0% |
| Recurring financial charges | 65 | €666 | €772 | +€106 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €283,043 | €287,353 | +€4,310 | +1.5% |
| Income taxes | 67/77 | €71,230 | €73,706 | +€2,476 | +3.5% |
| Profit (loss) for the period | 9904 | €211,813 | €213,647 | +€1,834 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €211,813 | €213,647 | +€1,834 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.